RBC Dexia expands footprint in Italy with new client Tages Capital SGR

Date: Monday, September 26, 2011
Author: Hedgeweek.com

RBC Dexia Investor Services has won a mandate from Tages Capital SGR, a newly-launched independent investment management company based in London, Luxembourg and Milan.

RBC Dexia will provide depository bank, fund administration and shareholder services to Tages Capital’s domestic fund of hedge fund range, as well as for its Luxembourg-based UCITS funds.

The appointment builds on RBC Dexia’s footprint in Italy and its combined onshore, offshore offer. Mauro Dognini, Managing Director of RBC Dexia Italy, says: "The Italian fund management industry is undergoing significant change as local and European regulation takes effect. Outsourced solutions can help fund managers to focus on their core business and on generating returns for their clients. We are delighted to have been chosen by Tages Capital SGR and look forward to supporting them as they grow.”

Panfilo Tarantelli from Tages Capital SGR says: “Tages Capital is an independent asset manager specialising in alternative investment solutions and tailor-made products to the institutional market. For this reason it is important to select a partner with proven expertise in supporting alternative vehicles and who is expected to deliver a responsive, agile and flexible service. RBC Dexia’s experience and commitment is compelling, and we look forward to partnering with them as we develop our fund range and gather new assets.